Ed Freeman on Corporate Stakeholder Responsibility

Ed Freeman

We’ve found that Milton Friedman was convinced that the social responsibility of business was to increase the shareholder value, as Milton believed that everything else would derive from that. Prof. Ed Freeman doesn’t support the term social responsibility, nor does he support the focus on shareholders. Instead he believes in a more holistic approach to business, in the jointness of stakeholder values and in the idea of corporate stakeholder responsibility.

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